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Following is partial information for Delamunte Industries for the month of August: Work In Process Balance, August 1 Direct materials used Direct labor Manufacturing overhead
Following is partial information for Delamunte Industries for the month of August: Work In Process Balance, August 1 Direct materials used Direct labor Manufacturing overhead applied $ 128,000 122,800 166,000 151,000 Jobs finished during August are summarized here: Cost of Jobs Job # 234 237 231 246 Completed $71,950 32,800 60,000 27,000 Required At the end of August, only one job, Job 248, was still in process. The direct labor cost incurred on Job 248 as of August 31 was $23,500 1. Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August. Round your answer to 2 decimal places.) Predetermined Overhead Rate per Direct Labor dollar 2. Determine the balance in Work in Process at the end of August. k in Process 3. Determine how much of the direct materials cost and applied overhead would be recorded for Job 248 as of August 31. (Round your "Predetermined Overhead Rate" to 2 decimal places.) Direct Materials Cost Applied Overhead
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